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Procedures to establish a seafood production company in Vietnam

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Producing aquatic products belong to the conditional business lines, so you have to satisfy certain conditions and procedures to establish a seafood production company. If you don’t understand the relevant law, it may confuse you and take more time to set up a business. So, in this article LSX legal firm provides: “Procedures to establish a seafood production company in Vietnam”

  • Law on Fisheries 2017
  • Decree 26/2019/ND-CP
  • Law on Enterprise 2020
  • Decree 27/2018/ND-CP

Conditions to establish a seafood production company

The production of aquatic products belongs to the food business, so before going into operation, it must satisfy the requirements as prescribed by the Law:

  • Certificate of business registration.
  • Satisfy Article 96 on Purchase, sale, preliminary processing, and processing of aquatic products of the Law on Fisheries 2017.

Basic information to establish a seafood production company

Firstly, the company name.

Secondly, head office, company phone number (required), website, email (if any);

Thirdly, charter capital level and information of members contributing capital;

Lastly, business lines: Companies can refer to the codes related to the field of seafood production according to Decision 27/2018/QD-TTg as follows:

  • Sea fishing: 0311
  • Inland fisheries exploitation: 0312
  • Marine aquaculture: 0321
  • Inland aquaculture: 0322
  • Aquaculture seed production: 0323
  • Processing and preserving meat and meat products: 1010
  • Processing and preserving seafood and aquatic products: 1020
  • Food wholesale: 4632
  • Retail sale of food in specialized stores: 4722

Procedures to apply for a certificate of food hygiene safety for seafood companies

Firstly, register for training on knowledge of food and hygiene safety, and health checks (For establishment owners and employees directly involved in production);

Secondly, submit dossiers, and get the results of the eligible certificate;

Thirdly, the delegation of the Sub-Department appraised at the facility.

Besides, the dossier for carrying out the procedure includes:

  • Letter of recommendation to apply and get results.
  • An application form for a Certificate of eligibility for food safety.
  • Description of facilities.
  • Bases plan draft.
  • Flowchart of the production process of a seafood company.
  • A list of the company’s health check results and food safety certifications.

Procedures to establish a seafood production company

Step 1: Prepare dossiers

  • The application form submits to the business registration office requesting the certificate to establish a seafood production company.
  • Draft of company charter.
  • List of founders as well as members.
  • Authenticated legal papers of members.
  • Valid identification papers of the authorized representative and the legal representative.
  • Legal capital confirmation document.
  • Certificate of business registration (for organizations).
  • Investment registration certificate for foreign investors.

Step 2: Submit dossiers

Submit the application at the Business Registration Office of the Department of Planning and Investment at the province level where you plan to locate the head office of your Company.

Currently, there are two forms to submit an application:

  • Register directly: apply at the “one-stop” department of the Business Registration Office. However, in Hanoi, this method is no longer applied.
  • Besides, online business registration: submit your application on the National Business Registration Portal (Address: https://dangkykinhdoanh.gov.vn). After the online application is valid, you will have to go directly to the “one-stop” department to return the scanned copy (hard copy) when submitting it online. However, this method is relatively complicated, requiring you to have skills and knowledge about registering a business account.

Once you have submitted your application, you will receive a receipt for your application. Then, usual processing time for applications will be 3 working days.

Step 3: Receive result

According to the schedule on the appointment, you return to the “one-stop” department of the Business Registration Office to receive the results. There are two possible scenarios:

  • Dossiers valid: You will receive a Certificate of Business Registration as a result and a notification to the tax authorities.
  • In contrast, dossiers invalid: The Business Registration Office will have a document instructing you to amend the dossiers in accordance with the provisions of the law. After the amendments and supplements to your application according to this guide, then resubmit your application as in Step 2.

Step 4: Post-establishment procedures.

Receiving a Business Registration Certificate is just the first step in putting your company into operation. After that, you have to do the following series of procedures:

  • Notice the use of the company’s seal sample.
  • Bank account notice (if your company registers a bank account).
  • Tax procedures such as license declaration and payment of license fees, Tax on corporate headquarters inspection,…
  • Trademark protection (if you need it).

After carrying out these procedures, your Company can go into operation.

When establishing a company, people must carry out the procedure following the law at the competent business registration authority (under the Law on Enterprise 2020). The process of establishing a business includes many different steps and phases. If you are not familiar with the law, this process may take a lot of time.
With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.
Furthermore, using our service, you do not need to do the paperwork yourself, We guarantee to help you prepare documents effectively and legally.
Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.
After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.

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How much charter capital needed to establish a company?

At present, Vietnam’s law on enterprise does not stipulate the required level of charter capital that a company needs to register when it is established (except for the case of a company operating in industries with prescribed capital and deposit). Therefore, the company can freely choose the level of charter capital.

Step by step guide to establish a company for foreign investor?

Firstly, register the investment project
Secondly, apply for Certificate of investment registration
Thirdly, apply for the certificate of business registration
Fourthly, publish the content of the business registration
Then, registered business stamp
Next, notice of use of stamp
Equally important, open bank account
After all, the post licensing procedures

Contact LSX

Finally, hope this article is useful for you to answer the question about “Procedures to establish a seafood production company in Vietnam”. If you need any further information, please contact  LSX Law firm+84846175333 or Email: [email protected]

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